JetBlue Airways Corporation (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.56, for a total value of $37,120.00. Following the completion of the transaction, the chief executive officer now owns 402,362 shares of the company’s stock, valued at approximately $7,467,838.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Robin Hayes also recently made the following trade(s):

  • On Friday, September 1st, Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock. The shares were sold at an average price of $19.89, for a total value of $39,780.00.
  • On Tuesday, August 1st, Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock. The stock was sold at an average price of $22.03, for a total transaction of $44,060.00.

JetBlue Airways Corporation (NASDAQ:JBLU) traded up 7.08% during midday trading on Tuesday, reaching $19.82. The company had a trading volume of 12,093,658 shares. JetBlue Airways Corporation has a 52-week low of $16.85 and a 52-week high of $24.13. The company has a market capitalization of $6.52 billion, a P/E ratio of 10.06 and a beta of 0.59. The company’s 50 day moving average is $19.46 and its 200-day moving average is $21.35.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Equities analysts expect that JetBlue Airways Corporation will post $1.87 earnings per share for the current fiscal year.

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A number of equities analysts have recently weighed in on JBLU shares. Bank of America Corporation upped their price target on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Buckingham Research downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $28.00 to $24.00 in a report on Wednesday, July 26th. Cowen and Company reiterated a “hold” rating on shares of JetBlue Airways Corporation in a research note on Friday, September 1st. Zacks Investment Research cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Macquarie assumed coverage on shares of JetBlue Airways Corporation in a research note on Monday, September 25th. They issued a “neutral” rating and a $21.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.40.

A number of hedge funds have recently added to or reduced their stakes in JBLU. World Asset Management Inc boosted its holdings in JetBlue Airways Corporation by 0.7% during the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after buying an additional 155 shares in the last quarter. M&T Bank Corp grew its position in JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock worth $442,000 after buying an additional 181 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after buying an additional 283 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after buying an additional 310 shares in the last quarter. Finally, Capstone Asset Management Co. increased its holdings in shares of JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after buying an additional 360 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

About JetBlue Airways Corporation

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Insider Buying and Selling by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

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